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TSX Slumps as Central Banks Hold Steady

  Canada’s Main Index Suffers Sharpest Drop Since May The Toronto Stock Exchange’s S&P/TSX composite index fell 169.92 points, or 0.6%, to close at 27,369.96 on Wednesday, marking its steepest single-day decline in ten weeks. The drop followed a record high the previous day, underscoring investor unease as both the U.S. Federal Reserve and the Bank of Canada opted to keep interest rates unchanged. The materials sector led the retreat, sliding 2.1% amid tumbling copper and gold prices. Financials and technology also posted losses, down 0.6% and 0.5% respectively, as eight of the index’s ten major sectors ended in the red. Market sentiment soured after the Fed’s decision to hold rates steady offered no clear timeline for future cuts, disappointing investors hoping for dovish signals. Meanwhile, the Bank of Canada maintained its benchmark rate at 2.75% for the third consecutive meeting, citing reduced risks of a global trade war. Among individual stocks, Capital Power Corp sa...
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Crisis in Gaza: Israeli Strikes Kill 30 as Global Focus Shifts to Iran

Israeli gunfire and airstrikes have killed at least 30 people across the Gaza Strip, according to local health authorities. The latest attacks targeted homes in the Maghazi refugee camp and Zeitoun neighborhood, as well as a tent encampment in Khan Younis. 

Among the casualties were displaced Palestinians waiting for aid trucks along Salahuddin Road, where Israeli fire reportedly killed 11 people. The Israel Defense Forces (IDF) stated that they were investigating the deaths and claimed their operations aimed to dismantle Hamas military capabilities while taking precautions to mitigate civilian harm. 

The humanitarian crisis in Gaza has worsened, with nearly 55,000 Palestinians killed since the conflict began in October 2023. Many residents fear their suffering is being overshadowed by the escalating air war between Israel and Iran. 

As the world’s attention shifts, Palestinians continue to struggle with severe food shortages and displacement, raising concerns about the long-term impact of the ongoing violence.

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